Monday’s S&P 500 index futures session was a rollercoaster, marked by geopolitical tensions and a strong bullish rebound. The index futures finished near the day’s high, though still within its recent consolidation range.

The overnight session kicked off near a low of 5959, but bulls pounced on the dip, driving the index futures back into the 6000s during the evening. The regular session opened just above unchanged, with bulls defending that line early on before moving to exceed the premarket high. However, as noon approached, bears and profit-takers began to take hold. During the lunch hour, reports of Iran moving missiles seemed to trigger a sharp selloff below 6000, only for bears to cover and bulls to charge back after reports of a missile interception, going on to claim new highs in the afternoon.

The afternoon saw the rally lose some momentum, but bulls kept grinding to a high of 6081.50, closing just below that level at 6077, up 59 handles.

Looking ahead, traders will eye June’s consumer confidence survey and Fed Chair Powell’s testimony at 10:00 AM ET tomorrow.

Among the index’s heavy hitters, Tesla Inc (NASDAQ: TSLA) roared $26.52 (8.23%) to $348.68, riding its Robotaxi debut to claim the day’s biggest winner spot. 

That gain smoked the cash index’s 0.99% gain by over eight times. 

Conversely, Alphabet Inc (NASDAQ: GOOGL) stumbled again, down $1.45 or 0.87% to $165.19, snagging the biggest loser title for the third straight session.